Betting on private banks, capital goods right now: BP Singh, Pramerica Mutual Fund
In a chat with ET Now, BP Singh, ED & CIO, Equities of Pramerica Mutual Fund, shares his views on the markets. Excerpts:
ET Now: What is the current allocation in your portfolio? In this decline, where are you buying and selling?
BP Singh: When IT corrected in the decline, we had added since we were sitting on an underweight position on IT. Otherwise we are using the FMCG and pharma sectors as fund source to get into private banks and some of the capital goods sectors, particularly road construction, the various auto ancillary units, etc.
We are preparing ourselves for a better monsoon season, a lower interest rate scenario and capex pick up in the economy. Accordingly, those are the sectors where we are increasing our weightage.
Economics Times
Sent from BlackBerry® on Airtel
ET Now: What is the current allocation in your portfolio? In this decline, where are you buying and selling?
BP Singh: When IT corrected in the decline, we had added since we were sitting on an underweight position on IT. Otherwise we are using the FMCG and pharma sectors as fund source to get into private banks and some of the capital goods sectors, particularly road construction, the various auto ancillary units, etc.
We are preparing ourselves for a better monsoon season, a lower interest rate scenario and capex pick up in the economy. Accordingly, those are the sectors where we are increasing our weightage.
Economics Times
Sent from BlackBerry® on Airtel
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